On April 4, 2014, a Final Determination was announced by China's Ministry of Commerce ("MOFCOM") concerning its anti-dumping investigation of imported cellulose pulp originating from Canada, the United States and Brazil. The final duty imposed by MOFCOM on dissolving pulp imports within the scope of investigation for Cosmo Specialty Fibers was set at 16.9%. While Cosmo is disappointed with the rationale and results of the Final Determination, it was not unexpected.

Cosmo Specialty Fibers (CSF) is currently accepting proposals to carry out a comprehensive market analysis to determine the commercial viability of two residual mill products - Acetic Condensate and Cellulosic-Derived Sugars. Given transportation economics, the market analysis is restricted to a specific geographical area including the Lower Mainland of British Columbia, Washington, Idaho and Oregon.

The senior leadership team at Cosmo Specialty Fibers, Inc. was completed today with the announcement of Jim Smith as the new Mill Manager. In making the announcement, CEO Michael Entz cited Smith’s previous industry experience and the fact that he has been onsite for months with responsibility for the Mill commissioning plan, along with electrical and instrumentation responsibility.

Job applications are now being accepted at Cosmo Specialty Fibers, Inc., an affiliate of The Gores Group, CEO Michael Entz announced today. “Mill restoration has proceeded to the point where we are ready to fulfill the promise of approximately 150 new jobs with this process. We are accepting applications through our web site www.cosmospecialtyfibers.com where we are posting the whole range of positions available at the mill.”

“Tyler has been at Cosmopolis on the job in a consulting role since the Company started,” said Entz. “He has been building our financial structures and processes here at the mill and working closely with suppliers and consultants refurbishing the mill. It made sense, and it’s a great relief, that he accepted the job to stay and build the financial side of the company.”